Seeking Alpha

Elliott Orsillo, CFA

View as an RSS Feed
View Elliott Orsillo, CFA's Comments BY TICKER:
Latest  |  Highest rated
  • Hedge Fund ETFs: Alternative Alpha Vs. Guru Index [View article]
    Enjoyed the analysis. Any thoughts on why GURU has been able to raise significantly more assets than ALFA? My guess would be a better marketing team and investor appetite for long-only, but I'm really just guessing.
    Apr 2 11:01 AM | Likes Like |Link to Comment
  • Earnings Tail Wagging The Stock Market Dog [View article]
    J,

    I think that is an excellent question, although I don't have the answer on hand. My partner in crime recently wrote a post entitled "Is Bernanke Blowing A Bubble?" - http://bit.ly/1lb6lFP

    The first chart in that post shows that the lion's share of last year's gain in equity markets was due to the P/E multiple expansion.
    Jan 25 04:24 PM | Likes Like |Link to Comment
  • Earnings Tail Wagging The Stock Market Dog [View article]
    Thanks mickey99
    Jan 25 04:18 PM | Likes Like |Link to Comment
  • Earnings Tail Wagging The Stock Market Dog [View article]
    Thanks Cyniconomics
    Jan 24 07:05 PM | Likes Like |Link to Comment
  • Earnings Tail Wagging The Stock Market Dog [View article]
    Yeah...that Russell 2000 P/E ratio on the WSJ page looks way off. Good catch!
    Jan 24 07:05 PM | Likes Like |Link to Comment
  • Earnings Tail Wagging The Stock Market Dog [View article]
    Thanks J!
    Jan 24 07:04 PM | Likes Like |Link to Comment
  • Are VQT And PHDG Investments Or Hedging Tools? [View article]
    Fred,

    All you are really doing is changing the allocation to SPY within VQT since VQT in essence just holds a dynamic weight to SPY and VXX. Your article is basically arguing that Barclays/S&P should have put more weight on SPY when they developed the Dynamic VEQTOR Index based on a very short time horizon that hasn't included a major sell-off. The idea of having a two holding portfolio of SPY & VQT is just as flawed as a single holding portfolio of VQT alone.
    Nov 13 03:56 PM | Likes Like |Link to Comment
  • Medical Action Industries' Operational Turnaround Could Mean Big Upside For Shareholders [View article]
    Great analysis! Given the projected disparity between net income and free cash flow, do you think the net income side will weigh on the stock since it will drive the more commonly viewed PE vs PFCF? As a side note, pulled the stock up on Ycharts to look at historical PFCF levels and I think you are right on with your analysis. Looking back at the 2004-2007 period when the business was humming along, the PFCF averaged right around 15.
    Nov 6 11:40 AM | Likes Like |Link to Comment
  • IBI Group: Cheap Debt That's Covered By Current Assets [View article]
    Correct me if I'm wrong, but isn't the bond referenced in your article a convertible bond? In the case of a convertible, "par" is a floating metric since it is tied to the price of the company's stock. Therefore, the only way to assume the yield to maturity is 30% is to assume the stock is trading at the same price next year as it is today. Am I off here?
    Nov 6 11:06 AM | Likes Like |Link to Comment
  • It Is Unanimous: Gold Remains The Most Hated Asset Class [View article]
    The back and forth between "contrarianadvisor" and "Dbest1" is some of the best comments I've ever read here on SA. Thank you both for sharing your thoughts.

    My two cents...I wonder how you have a "2008 on steroids" scenario with no bailout that dosen't turn into a 1930's depression?

    To one of the author's main points, this post explores the idea of productivity being the main determinate of stagflation/inflation - http://ow.ly/pWX0c
    Oct 18 11:06 AM | Likes Like |Link to Comment
  • Term Structure A Headwind For Dynamic VIX Hedge [View article]
    Yes, this is typical of any spike in volatility. I'm sure the curve will get nice and steep again once the VIX settles down a bit.
    Sep 3 12:51 PM | Likes Like |Link to Comment
  • Unpacking The Housing Recovery [View article]
    Thanks...appreciate the kind words.
    Aug 9 10:06 AM | Likes Like |Link to Comment
  • Pennies From Heaven And Investor Irrationality: When Bad News Is Good News [View article]
    Well written as always and a great point about the abundance of superfluous information.
    Aug 1 10:22 AM | Likes Like |Link to Comment
  • High Frequency Trading: Harmful Or Helpful? [View article]
    jova99,

    Thanks for that insight! I didn't know that HFT firms were rebated for their flow. That makes a whole lot of sense as to why they trade so much and are so consistently profitable.

    Thanks again,
    Elliott
    May 23 10:11 AM | Likes Like |Link to Comment
  • High Frequency Trading: Harmful Or Helpful? [View article]
    I have not specifically heard that statistic but it would make sense since the lion's share of the daily trading volume comes in the first and last 15 minutes of the trading day.
    May 22 02:54 PM | Likes Like |Link to Comment
COMMENTS STATS
98 Comments
24 Likes